Network Security is the measures taken by a business, organization, or other institution to monitor and prevent unauthorized access or misuse of a computer network and its resources. Network security management approaches have different requirements, depending on the size and physical setting of the system. Usually, small offices require underlying computer network security, while large businesses may require high-maintenance and advanced software and hardware to prevent malicious attacks from hacking and spamming. Network Administrator has the authority to access information and programs on the network, which assigns users an ID and password to ensure that they are authorized to conduct transactions and communications across the web. The global network security for business market is expected to grow at a CAGR of 12.9% during the forecast period.

Top Driver: Rising Concern for Security and Increasing Adoption of Technologies

The rising concern for security related to the IT sector has become a high priority for the public, cooperate, and private division. In recent years, the introduction of disruptive technology, such as blockchain and artificial intelligence, has increased the rapid adoption of network security systems. Besides, the increasing adoption of technologies such as cloud, AI, and ML by network security solution providers is fueling the demand for network security. At present, network security plays a crucial role in protecting confidential data and business information. It has gained traction due to the increase in investment in advanced security solutions by firms. Thus, all these significant factors are anticipated to propel the network security for the business market.

IT & Telecom to Make Crucial Contribution to Growth of Market

Among application segments of the global network security for business market, IT & Telecom is predicted to show significant growth in future. other major segments in the application include Retail, BFSI, Healthcare, Manufacturing, Energy, Others On the basis of solution the market is segmented into UTM, IDS/IPS, DLP, Risk & Compliance, Others. The risk and compliance segment is anticipated to hold a larger market share in the forecast period.

Rising Concern Towards the Safety Of the Networks to Benefit Asia Pacific Market

The Asia Pacific is anticipated to gain advanced and dynamic adoption of innovative technologies coupled with playing an important role in providing ease for the telecom service providers. The region has propelled the market at a significant pace with continuously evolving network operators. Countries across the region have a humongous number of MNOs that are using traditional or first-generation network firewalls, which is unable to provide complete network security against fraudulent mechanisms on SS7 and Diameter protocols.

Players to Focus on Network Security For Business Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Sinch, Cellusys, AdaptiveMobile, Mobileum, Tata Communication, AMD Telecom, Openmind Networks, Anam, SAP, Orange, Telecom Italia Sparkle, Twilio, BICS, Route Mobile, PROTEI, Nokia, Enghouse Network among others could be at the forefront of the competition in the global market.

TrendMicro: In March 2016, TrendMicro had acquired TippingPoint. This is a key network security Solution Company from HPE. Furthermore, the acquisition would help in strengthening TrendMicro’s vulnerability management, threat protection, and advance network solution capabilities.

Tata Communications Ltd.: In November 2019, Tata Communications Ltd. had entered into an agreement with Kacific Broadband Satellites Group for providing global internet and cyber security services, the digital infrastructure provider said on Thursday. Kacific chose to enter into this arrangement with Tata Communications because of the scale of the company’s global network and its security expertise

Scope of the Report

By Solution

• UTM
• IDS/IPS
• DLP
• Risk & Compliance
• Others

By Application

• IT & Telecom
• Retail
• BFSI
• Healthcare
• Manufacturing
• Energy
• Others

By Organization

• Small and Medium Enterprise (SME)
• Large Enterprise

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.